TL;DRMoore Threads plans Hong Kong dual listing at “appropriate time.” Revenue jumped 147% to 1.74B yuan in H1. Net loss narrowed to 11.6M yuan from 270.9M. Founded by ex-Nvidia China exec. Shares up 420% since Shanghai debut.
Moore Threads, the Beijing-based AI chipmaker founded by former Nvidia China executive Zhang Jianzhong, plans to list in Hong Kong at an “appropriate time.“ The company’s shares have surged more than 420% since its Shanghai STAR board debut late last year, when it raised 8 billion yuan in a heavily oversubscribed offering that marked the biggest first-day pop for a major listing since China’s 2019 reforms. Revenue jumped 147% to 1.74 billion yuan in the first half of 2026, and its net loss narrowed sharply to 11.6 million yuan from 270.9 million a year earlier.
The Hong Kong listing is framed as an internationalisation move. Moore Threads said in a filing on Sunday that the offering would help attract R&D and management talent and deepen its global strategy. Chinese tech companies have been flooding into Hong Kong as US and EU barriers tighten, with first-time share sales in the city raising more than $42 billion in 2026, already a six-year high. Moore Threads would join Zhongji Innolight, which raised $6.8 billion in Hong Kong last month in the city’s biggest debut in seven years.
